Amid declining trading volume, the Budapest Stock Exchange (BSE) stock index, the BUX, closed at 133,872.25 points on Friday, down 3.56%, or 4,945.78 points, from the previous week’s closing value. Weekly trading volume on the stock market totaled HUF 142.41 billion, down from HUF 336.22 billion the previous week, with leading stocks posting mixed results.
In their comments, traders highlighted profit-taking following the previous week’s sharp rise and events in the Middle East that were having a negative impact on international markets as key factors driving the BSE’s weekly price movements. Among the leading stocks, OTP’s price fell the most, despite favorable news regarding the bank’s shares.
Zoltán Varga, senior analyst at Equilor Investment Ltd., noted in his weekly summary that Trigon Dom Maklerski, a leading independent investment banking firm operating in Poland and Central and Eastern Europe, raised OTP’s target price from HUF 39,200 to HUF 44,437, maintaining a hold recommendation. Goldman Sachs raised OTP’s 12-month target price from HUF 42,000 to HUF 52,700, with a buy recommendation. HSBC, meanwhile, raised its target price from HUF 46,550 to HUF 50,000, though it downgraded its recommendation from buy to hold. Currently, 17 analysts cover OTP; of these, 11 currently recommend buying, five recommend holding, and two recommend selling, with a median target price of HUF 44,518.
As for leading stocks, Richter, which is also weakening, also saw a target price increase; Trigon Dom Maklerski raised it from HUF 13,127 to HUF 13,665, though it downgraded its recommendation from “buy” to “hold.”
Deliveries have resumed on the Druzhba [‘Friendship’] crude oil pipeline. Mol confirmed that it received crude oil on Thursday at the Fényeslitke and Budkovce pumping stations.
Regarding Magyar Telekom, this week’s top performer, the analyst highlighted that the company has published the dividend payment schedule for 2025. The gross dividend amount is HUF 154, and the ex-dividend date is May 20, 2026.
OTP’s share price fell 7.22% this week to HUF 41,610, with trading volume totaling HUF 106 billion, less than half of the previous week’s volume.
Mol’s share price rose 0.29% compared to last Friday’s close, ending the week at HUF 4,100, with trading volume exceeding HUF 12 billion.
Richter closed at HUF 13,000, down 1.14%, with trading volume slightly exceeding HUF 12.3 billion, compared to more than HUF 28 billion the previous week.
Magyar Telekom’s share price rose 1.88% to HUF 2,492, with a total trading volume of HUF 6.1 billion.
The BUMIX index of small and mid-cap stocks rose 0.24%, closing the week at 9,244.95 points.
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